CAT worth has surged 50% within the final 24 hours as Binance introduced the addition of Simon’s Cat (CAT) and Pudgy Penguins (PENGU) throughout Earn, Buy Crypto, Convert, Margin, and Futures merchandise. This itemizing opens new buying and selling and incomes alternatives for its customers.
The newly supported tokens might be built-in into numerous companies, together with borrowable property, perpetual contracts, and zero-fee buying and selling choices, enhancing flexibility and accessibility for merchants and traders.
Binance Expands Trading and Earn Features
Binance continues to innovate by increasing its choices with the addition of Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU). On December 17, these tokens might be obtainable throughout Simple Earn, Convert, Margin, and Futures platforms. Users can now entry 1000CAT and PENGU for versatile staking, zero-fee conversions, and leveraged buying and selling choices.
The rollout begins with Simple Earn, the place customers can subscribe to versatile merchandise for each tokens. Binance Convert will allow zero-fee buying and selling for 1000CAT and PENGU towards standard pairs like BTC and USDT. Additionally, the trade Margin will assist 1000CAT and PENGU as borrowable property on Cross and Isolated Margin, permitting superior merchants to make the most of leverage for enhanced returns.
On Binance Futures, perpetual contracts for PENGU will launch with as much as 75x leverage, catering to institutional and high-risk merchants. This offers 24/7 buying and selling alternatives whereas sustaining sturdy danger administration instruments. One of the top crypto exchange expansions highlights its dedication to offering versatile, user-friendly merchandise for its rising person base.
Market Surge and Context for CAT and PENGU
The addition of CAT and PENGU to Binance comes as CAT worth soared 50% within the final 24 hours, buying and selling at $0.00005919. It has additionally recorded spectacular development of 31% over the week and 70% within the final quarter, highlighting its growing demand amongst crypto fanatics.
Binance Research has acknowledged these tokens’ potential, with their inclusion throughout a number of companies aligning with rising memecoin recognition. The ongoing HODLer airdrop additional incentivizes subscriber participation, enhancing liquidity and person engagement.
With this strategic itemizing, the trade strengthens its place as a number one platform for crypto buying and selling and incomes. It gives numerous alternatives for each retail and institutional merchants within the evolving crypto market.
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